HOLDBF Utilities Ltd for 6-8 month target of Rs 1,200-1,300, says Over one year, the stock can appreciate 40-45% from the current levels, he adds. However, if one is holding it for trading purposes, then selling is advised, he adds. The stock closed at Rs 989.95, down 4.9% on the BSE.
HOLDMcDowell Holdings Ltd for the short term target of Rs 160-165, says Shrikant Chouhan, Technical Analyst Kotak Securities. Over one year, the stock can appreciate 40-45% from the current levels, he adds. The stock closed at Rs 149.90, up almost 20% on the BSE today.
HOLDPersistent Systems Ltd, says Madhumita Ghosh, HoR, UNICON. However, she advises against buying it at current levels. The stock closed at Rs 459.50, down 0.9% on the BSE today.
HOLDHousing Development & Infrastructure Ltd (HDIL) for the target of Rs 320, achievable in the next 6-12 months, says Madhumita Ghosh, HoR, UNICON. The stock closed at Rs 263, up 2% on the BSE.
BUYOriental Bank of Commercearound Rs 355-360 for 3-4 months’ target of Rs 420-430, says Shrikant Chouhan, Technical Analyst Kotak Securities. It is an excellent investment, he says. The stock closed at Rs 378.65, up almost 6% on the BSE today.
Expect Housing Development & Infrastructure Ltd (HDIL) to move up to Rs 300-310 in the next few weeks, says Shrikant Chouhan, Technical Analyst Kotak Securities. The stock closed at Rs 263, up 2% on the BSE.
SELLJaiprakash Associates Ltd as it is in a downtrend, says Shrikant Chouhan, Technical Analyst Kotak Securities. It is better to invest in BHEL or L&T instead, he suggests. The stock closed at Rs 118.70, down 0.8% on the BSE.
GHCL Ltd has reported its net profit at Rs 43 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues were at Rs 341 crore. The stock close at Rs 49.10, up 0.2% on the BSE.
Expect a bounce in Apollo Tyres Ltd from the current levels, says Shrikant Chouhan, Technical Analyst Kotak Securities. However, it may remain in the range of Rs 60-69, he adds. The stock closed at Rs 63.10, up 5.6% on the BSE.
HOLDUnited Breweries (Holdings) Ltd for a short term target of Rs 300-320, says Shrikant Chouhan, Technical Analyst Kotak Securities. It looks strong on the technical charts, he adds. Over one year’s time, the stock can appreciate 40-45% from the current levels, he says. The stock closed at Rs 272.75, up 5.5% on the BSE today.
Petronet LNG Ltd has reported its net profit at Rs 111 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues were at Rs 2,510 crore. The stock close at Rs 94.45, up 10.6% on the BSE.
Omaxe Ltd has reported 86% rise in its net profit at Rs 18 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues grew by 106% at Rs 181 crore. The stock close at Rs 110.55, down 0.2% on the BSE.
Hero Honda Motors Ltd has reported 2% drop in its net profit at Rs 492 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues grew by 11% at Rs 4,260 crore. The stock close at Rs 1870.50, up 0.8% on the BSE.
EXITRolta India Ltd as it is expected to remain in the range of Rs 190 and Rs 150, says Shrikant Chouhan, Technical Analyst Kotak Securities. Buy Persistent Systems instead, for an appreciation of 40-50%, he suggests. The stock closed at Rs 168.45, down almost 2% on the BSE.
Siemens Ltd has reported 54% drop in its net profit at Rs 156 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues grew by 17% at Rs 2,230 crore. The stock close at Rs 721.15, down 0.6% on the BSE.
Oil & Natural Gas Corpn Ltd (ONGC) has reported 25% fall in its net profit at Rs 3,660 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues dropped by 8% at Rs 13,670 crore. The stock closed at Rs 1,242.50, down 1.1% on the BSE today.
HOLDApollo Tyres Ltd for the target of Rs 73, which is achievable in the next few months, says Madhumita Ghosh, HoR, UNICON. This stock looks more promising that MRF, she adds. The stock closed at Rs 63.10, up 5.6% on the BSE.
It was mostly a range-bound day for the market today. However, good buying towards the end of the session ensured that the market shut in green. Sensex closed at 17,992, up 34 points from the previous close. Nifty shut shop at 5408, up 11 points, BSE Midcap index gained 0.2%, while BSE Smallcap index lost 0.2% in trade today.
Aviation sector is expected to see growth in the coming months, says Shrikant Chouhan, Technical Analyst Kotak Securities. Therefore Kingfisher Airlines Ltd, SpiceJet Ltd can be good bets, he suggests.
Bata India Ltd has posted net profit at Rs 25.9 crore versus Rs 18.4 crore (YoY) for second quarter ended June 30, 2010. For the same period, net sales increased to Rs 350.1 crore versus Rs 308.6 crore (YoY). The stock closed at Rs 291.40, up 4.5% on the BSE today.
The market has closed on a posiitve note. Sensex ended at 18,012, up 55 points (provisional) form the previous close. Nifty shut shop above 5400 at 5408, up 11 points (provisional).
When one is doing a fundamental check on a stock, before buying it, look at qualitative and quantitative factors, says Madhumita Ghosh, HoR, UNICON. It is important to check the management, visibility in earnings, etc, she says. It is also important to see if there is any value creation happening in the company, she says.
Shoppers Stop Ltd stop has reported 830% (YoY) rise in its net profit at Rs 9 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues grew by 24% (YoY) at Rs 360 crore. The stock is currently trading at Rs 625, up 2.5% on the BSE.
Tata Teleservices (Maharashtra) Ltd has reported its net profit at Rs 558 crore for the first quarter ended June 30, 2010. Profit includes stake sale worth Rs 835 crore. For the same period, the company’s revenues were at Rs 552 crore. The stock is currently trading at Rs 22.50, up over 5% on the BSE.
The overall view on the market remains mixed, say dealers. They are asking clients to hold longs above 5350, the Nifty’s support. On the upside, Nifty may face resistance at 5440 and 5480 levels, they add. Expect a sharp movement in the market on account of F&O expiry.
HOLDBank of Baroda (BoB) with strict stop loss at Rs 700, says D. Prasad, Partner, Equity Strategies. The counter is in uptrend, but the momentum is weakneing, he adds. The stock is currently trading at Rs 727, up 1.5% on the BSE.
Steel Authority of India Ltd (SAIL) has reported 12% fall in its net profit at Rs 1,177 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues grew by 1% at Rs 9,030 crore. The stock is currently trading at Rs 203.25, down 2.4% on the BSE.
BUYInfrastructure Development Finance Company Ltd (IDFC) around Rs 178-180, says D. Prasad, Partner, Equity Strategies. The stock is currently trading at Rs 189.70, up 2.7% on the BSE.
Housing Development & Infrastructure Ltd (HDIL) has reported 118% (YoY) rise in its net profit at Rs 234 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues grew by 53% at Rs 451 crore. The stock is currently trading at Rs 265, up 2.6% on the BSE.
Ipca Laboratories Ltd has reported 42% fall in its net profit at Rs 39 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues grew by 16% at Rs 415 crore. The stock is currently trading at Rs 271.55, down over 2% on the BSE.
Apollo Tyres Ltd has reported 1% rise in its net profit at Rs 74 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues grew by 11% at Rs 1820 crore. The counter has moved northwards significantly following ithe numbers. The stock is currently trading at Rs 62.70, up 4.9% on the BSE.
NHPC Ltd has reported its net profit at Rs 537 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues were at Rs 1020 crore. The stock is currently trading at Rs 32.20, up 1.7% on the BSE.
Nagarjuna Fertilizers & Chemicals Ltd has reported 17% rise in its net profit at Rs 27 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues were flat at Rs 331 crore. The stock is currently trading flat at Rs 30.90 on the BSE.
UltraTech Cement Ltd has reported 42% (YoY) fall in its net profit at Rs 243 crore for the first quarter ended June 30, 2010. For the same period, the company’s revenues dropped 8% (YoY) at Rs 1,790 crore. The stock is currently trading at Rs 845, down 1.3% on the BSE.
Oil & Natural Gas Corpn Ltd (ONGC) is likely to fall following its results, says D. Prasad, Partner, Equity Strategies. If it slips below Rs 1220, the bearish trend will be seen in this counter, he adds. The stock is currently trading at Rs 1,259.15, up 0.3% on the BSE.
Hero Honda Motors Ltd is likely to fall and trade between Rs 1810-1820, after its results are declared, says D. Prasad- Partner- Equity Strategies. One can sell it with a stop loss at Rs 1900, he adds. The stock is currently trading at Rs 1,865, up 0.6% on the BSE.
The market is trading close to the day's highs following a drop in inflation numbers. Sensex is currently at 17,976, up 18 points from previous close and Nifty is at 5402, higher by 5 points.
Great Eastern Shipping Company Ltd has posted net profit of Rs 171 crore vs Rs 154 crore (YoY) for the first quarter ended June 30, 2010. However, its net sales fell to Rs 688 crore vs Rs 840 crore. The stock is currently trading at Rs 283.95, up 1% on the BSE.
BUYV I P Industries Ltdaround Rs 375 for the long term, says Sunil Jain, Nirmal Band Securities. The stock is currently trading at Rs 427.50, up 3.4% on the BSE.
For week ended July 17, Primary articles inflation has eased to 14.2% (WoW) vs 16.48%. Food inflation is down at 9.67% from 12.47% (WoW), while fuel group inflation rose at 14.29% from 14.27% (WoW).
SELLKalyani Steels Ltd now and buy it again on 10% declines, says Alok B Agarwal. Head - Research, Advisory, Mata Securities India. The stock is currently trading at Rs 127.60, up 4.6% on the BSE.
Bank of Baroda has posted net profit at Rs 859 crore, up 25% (YoY). Net interest income (NII) is also up 55% (YoY at Rs 1,860 crore for first quarter ended June 30, 2010. The stock is currently trading at Rs 725.50, up 1.3% on the BSE.
EXITSteel Authority of India Ltd (SAIL), as the company’s profits may not be sustainable for the next two quarters, says Ambareesh Baliga, Karvy Stock Broking. The stock is currently trading at Rs 203, down 2.5% on the BSE.
Selling pressure in the market seems to be increasing and more sectors are falling prey to it. Capital goods, metal, oil & gas and power are the most affected. Sensex is currently at 17,924,, down 32 points from the previous close. Nifty is at 5387, down 10 points. BSE Midcap too is down by 0.1%, while BSE Smallcap is flat.
SELLHousing Development & Infrastructure Ltd (HDIL) on upmoves, says Prakash Gaba, Technical Analyst. The stock can fall to Rs 240, he adds. It is currently trading at Rs 260.50, up over 1% on the BSE.
ARSS Infrastructure Projects Ltd can fall to Rs 1,275, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 1, 330, down 0.3% on the BSE.
HOLDAndhra Cements Ltd as it can move up to Rs 25-26, says Prakash Gaba, Technical Analyst. It has strong support at Rs 22, he adds. The stock is currently trading at Rs 22.75, up 9.4% on the BSE.
BUYHercules Hoists Ltd for a long term target of Rs 350, says Prakash Gaba, Technical Analyst. For now, it can go up to Rs 300, he adds. The stock is currently trading at Rs 271.25, up 6.9% on the BSE.
Atlas Cycle (Haryana) Ltd can go up to Rs 275-280, says Prakash Gaba, Technical Analyst. It has good support at Rs 240, he adds. The stock is currently trading at Rs 253, up 9% on the BSE.
HOLDDelta Corp Ltd for the target of Rs 55, says Prakash Gaba, Technical Analyst. On the downside, it has strong support at Rs 30, he adds. The stock is currently trading at Rs 46.50, up 2.4% on the BSE.
LIC Housing Finance Ltd has support at Rs 1,120, says Prakash Gaba, Technical Analyst. There is no sign of weakness in this stock, he adds. It is currently trading at Rs 1,137, up 0.7% on the BSE.
BUY Fortis Healthcare around Rs 155-150, says Shardul Kulkarni, Angel Broking. One can book partial profits around Rs 170, he suggests. The stock is currently trading at Rs 157.85, up 0.5% on the BSE.
HOLDKalyani Steels Ltd for the target of Rs 150, says Prakash Gaba, Technical Analyst. It has good support at Rs 100, he adds. The stock is currently trading at Rs 130, up 6.6% on the BSE.
DLF Ltd looks weak and can fall to Rs 300, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 308.80, down almost 1% on the BSE.
BUYAban Offshore Ltd for the target of Rs 950, says Ambareesh Baliga, Karvy Stock Broking. The stock is currently trading at Rs 912, up 1.5% on the BSE.
Hexaware Technologies Ltd has reported consolidated net profit at Rs 14.4 crore for the second quarter ended June 30, 2010 versus Rs 11.6 crore in the quarter ended March 2010. On a quarter-on-quarter basis, the company announced its consolidated net sales at Rs 251.2 crore versus Rs 222 crore. The stock is currently trading at Rs 386.65, up 3.7% on the BSE.
The market has opened on a mixed note. The Sensex has opened at 17954.29, down 3.08 points from the previous close. The Nifty has opened at 5398.2, down 0.65 points. However, the Sensex is currently at 17945 (down 15 points) and the Nifty is at 5392 (down 6 points), from their previous close.
HCL Technologies Ltd has reported a fall of 1% (QoQ) in its consolidated profit at Rs 342 crore for the fourth quarter ended June 30, 2010. During the same period, the company's consolidated revenues rose 11% (QoQ) at Rs 3425 crore. The company also reported a forex loss of Rs 137 crore. The stock closed yesterday at Rs 372.80, down 2% on the BSE.
Expect the market to be range-bound today, says AK Prabhakar, Technical Analyst. He sees support for the Nifty at 5350; the lowest level in last 13 sessions. Resistance is seen at 5450 for trade today. It is important for markets to sustain this level to trade higher, he says. Telecom stocks look good for intraday trading, he suggests.
Crude oil has slipped below $77 per barrel. It slid to one-week low as data showed a gain in inventories. An OPEC survey also shows that the crude oil output rose in July. It is currently at $77.06 per barrel.
Traders can SELLReliance Industries Ltd for the target of Rs 975, says Prakash Gaba, Technical Analyst. The stock closed at Rs 1,020.95, down 3.1% on the BSE
BUYReliance Industries Ltd on declines, says Ambareesh Baliga, Karvy Stock Broking. He is bullish on it from a long term perspective. The stock closed at Rs 1,020.95, down 3.1% on the BSE.